Alberta May Post Budget Surplus Helped by Oil, Taxes
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Alberta may post a budget surplus in the current fiscal year as Canada’s third-biggest economy benefits from higher oil prices and income-tax revenue.
The operational budget will be C$250 million ($237 million) above or below balance in the fiscal year that started April 1, according to provincial finance department forecasts today. Floods in southern Alberta in June will force the province to spend C$1.2 billion this year on recovery efforts.